ARPBS Commercial have on offer a rare opportunity to secure a charming historic estate dating back to the mid-19th century. This property boasts an expansive blue-stone house and barn, which was formally employed as a ‘Cobb and Co’ changing station. The property has recently been involved in a considerable renovation and intended expansion to be utilised for an events venue to harness the magnificent history and scenic views of the Macedon Ranges.
This lifestyle project would be ideal for the astute investor or business operator looking at securing an estate worthy of admiration and to further reap the benefits of the demand that would derive from finalising the development for hospitality endeavours.
The ‘Penington Farm Estate’ encompasses a sizeable 11-acre area comprising of bespoke designed paddocks, Machinery shedding, windmill, bore water infrastructure and car port. The property has an array of established trees that line the entrance to the estate, subsequently creating a feel of grandeur.
The size of Kyneton is approximately 97.9 square kilometres. It has 13 parks covering nearly 1.6% of total area. The population of Kyneton in 2011 was 6,628 people. By 2016 the population was 6,964 showing a population growth of 5.1% in the area during that time. The predominant age group in Kyneton is 40-49 years. Households in Kyneton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kyneton work in a professional occupation. In 2011, 74.7% of the homes in Kyneton were owner-occupied compared with 74.8% in 2016.
Kyneton has 4,707 properties. Over the last 5 years, Houses in Kyneton have seen a 38.47% increase in median value, while Units have seen a 30.07% increase. As at 31 October 2024:
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